morning, us. and for you joining Good everyone, thank
progress efforts. to of related vision on provide our our We to at the great and being opportunity CAGNY. ESG growth on our many and see imperatives, week update last made purpose was It strategy, the you an appreciated
priorities. decisive continue remain improve clear actions of set focused on We and executing against a take performance to to
discipline. and and and continuing enhancing growth focused shareholder operational reinvigorate deliver value our investments will growth earnings increased executing brands, category resources prioritizing platforms, leadership financial toward We by to long-term key our
Overall, as resources by third adjusted with in focus of in include marketing, quarter a our expectations, targeted was our in and benefits X%. growth EPS offset actions discretionary actions deliver were These the our decline line consumer-facing anticipated on sales our increased an prioritization reduction of financial spending. of results net to
prior declined X%, on lower business, volume in brands private-label our pet reflecting and compared softness focused with sales Balance Net the in included costs to and offset strong quarter being commodity coffee to and brand. particularly through of the Net the by dog for the performance the year, growth. to food sales Highlights our pricing for portfolio from Natural products snacking. our balance snacks, and consumers essentially were pet deflationary categories coffee passed butter, flat key food of mostly peanut related our within
the cat food cat food, marked our which pet Starting achieved our consecutive with low-single-digit portfolio. quarter sales business ninth of year-over-year growth, for growth
performance growth new declined treat While quarter the we brand the of to of Milk-Bone from snacks achieved to our slightly retailer rawhide quarter alternatives. overall, year innovation, third the and of dog of prior the the primarily were expanding pleased event which in a shift fourth year, benefited brand, which segments the promotional this category-leading into is large low-single-digit including with due
and sales dog category. new distribution net As anticipated, of premium the food the activity to Nutrish retailer in impact pet to competitive inventory related food year build declined due in the prior
reinvigorate value quarter's proposition on Nutrish is and brand’s set call, As performance. improve consumer last executing targeted we discussed a to actions team of the the
from quarter, grew pet across X% and we channel. During and by specialty the to response saw including sequentially improved second the consumer the quarter, the takeaway all these actions as household positive brand for penetration channels consumer online
the leverages quarter, further including implemented ingredients. campaign be equities of real Looking and will fourth the in new Ray actions Rachael forward, that the food marketing
consumption expansion growth the brand year. in significant the fourth are as quarter XXXX. We to prior we improving, in distribution fiscal lap decline the shipments to in to return While trends remain expect we on track
coffee, and in penetration and highest years. up from XX%, the over for costs X% profit to their even as Dunkin' in to Bustelo year increased Folgers trends, household impact X% sales segment expanded brand the new quarter, sales distribution, the achieved also net marketing of portfolio. sixth segment Volume passed were quarter comparable being with lower respectively, for each campaigns. green and continued three are though brand prior benefiting in growth consumers. the grew, Café In K-Cup the increased growth consecutive through coffee the grew and its volume
In to we expect growth XX% fourth similar quarter in snacking, and Smucker's the the in the Uncrustables growth brand quarter. accelerated
meat we shared of CAGNY innovation jelly about snacks. growth that excited at last will trajectory Uncrustables we're its As expand the week, and platform brand, potential cheese convenient and the for upcoming the peanut and beyond butter into continued the
difficult we early the Power to last decision announced year. we made Ups Jif, fiscal As week, next discontinue
believe portfolio of decision innovation of financial faster Jif the platform. Uncrustables and this guided financial principles the areas Our as generate and reallocate we upcoming will to resources greater discipline to returns, such
in category we While projections long-term And Power net the our right to new successful is were Ups this long-term brand, decision. competitive was believe this and below will profit expectations. to approximately consumers the sales bar contribute in $XX the Jif the attracting million year,
I the and will against to brands now our love, build imperatives made consumers turn best to in everywhere. categories, consumer-centric the be lead growth progress
leading with categories. Let start me the best in
In quarter to was first category this the five contraction due years in sales that the coffee, experienced deflation. retail
perform premium volume three K-Cups. all grew The number Café brands formats, we to canister, one increased the with and bags and share However, and Bustelo brands well, Dunkin' continued penetration quarter. including across and gains share in number this the household category, with market
frozen Uncrustables fastest Smucker's the category. In brand growing the is snacking, in snacks
to grow facility year fiscal brand $XXX further new XXXX net goal annually on our category. expansion capacity leadership sales two Uncrustables in demand over we million expand the and for and have phase and ample the With production in line achieve our underway, this support to to will
launched new as advertising we excited to brands this year. have building for Turning love. our imperative of our now new strategic XX brands consumers of largest our fiscal campaigns about We're
Our XXX received the for across as new advertising ads brands Commercials in XXXX. XXXX global top the advertising received industry. recognition Jif the accolades campaigns have and
Jif While market the it recent is too from early measure Smucker's to gains full new the launches indications in correlate for strong impact campaigns, and year the brands. earlier are of with the the and share fiscal
of of marketing project and net year. marketing committed for spend remain full the to fiscal the in X.X% for spend quarter nine year. of our net investments X.X% was continue of X% consumer-facing of months We sales Marketing the net X.X% first through the to and sales sales to
interact shop available consumers multiple Our third to growth shop anytime. be and everywhere. across with be We know demand Therefore, on brands comparative is consumers we and need channels. that and wherever to
year. is sales we total sales. grow of U.S. retail Within and retailers in retail U.S. for sales play traditional third deliver quadrupling the growth, solid digits, double sales past for X% pet the particularly collect XXXX to e-commerce categories. continue channel, of coffee continued over pure the The In through e-commerce the to with our sales. Including e-commerce retailers, accounting excellent online performing to brand account click X% food nearly and quarter, our our
From extended channels. Home We have also and brand Canadian the Away into the
progress we our against In remain are and confident strategy our closing, making imperatives. growth in
reinvigorate improve growth customer-facing remain activities to premium actions of performance Uncrustables, on including investments and to continue key and continuing food, finally focus enhancing leadership advantage We strengthening to will decisive and consumer build practicing discipline. snacks, a taking including premium focused prioritizing category priorities, strict coffee our financial and by pet set key competitive resources clear to on opportunities pet brands,
searches underway. This all is we addition the in to have leadership
evaluating mid November. for in announced the We positions candidates are actively
all creating with our We with growth increasing for of who confident are are and critical value. the quality pleased will Execution these fill organization. these actions is and we strengthen candidates momentum leaders, shareholder will of positions on
Finally, which for I position employees dedicated all bright the to firmly our a like their Company would efforts, thank future. continued for of
turn over Mark now will call I Belgya. the to
